Virginia's Transportation Iceberg
Growing Threat to Virginia's Prosperity
It's now more than just the tip.
While Virginians are sweltering, the expansion of the transportation iceberg that threatens Virginia's economy is drawing more notice from more people.
CNBC's 2012 "Top States for Business" survey shows that Virginia has slipped from #1 to #3 in large part due to lack of transportation investment -
"Specifically, the state's perpetually clogged highways have long been
an issue in fast-growing Virginia, and there is fresh evidence this year
that the state is having trouble keeping pace. With some of the country's
toughest commutes, the state dropped to number 33 in this category,
down from 10th a year ago."
In truth Virginia has not "kept pace" for decades.
While "slipping" from 1st to 3rd does not make Virginia "Maryland" (ranked 31st), Virginia's transportation funding outlook means continued decline is inevitable.
Virginia's Secretary of Transportation has stated that most state transportation construction dollars disappear by FY 2017. More recent numbers show VDOT's overall FY 2018 construction budget less than half FY 2012 levels as growing maintenance demands and debt payments take an increasingly large toll.
Major highway improvements take ten years or more to implement.
Time is not Virginia's friend.
For Virginia's Economy Not to be Sunk
Virginia's Leaders Must Provide
Serious New Long-Term Transportation Funding
(America's Investors are Watching)